Peregrine Capital Management LLC Decreases Position in Alpha and Omega Semiconductor Limited $AOSL

Peregrine Capital Management LLC lessened its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 8.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 161,821 shares of the semiconductor company’s stock after selling 15,601 shares during the quarter. Peregrine Capital Management LLC’s holdings in Alpha and Omega Semiconductor were worth $3,586,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Alpha and Omega Semiconductor in the third quarter worth $62,000. Strs Ohio purchased a new position in shares of Alpha and Omega Semiconductor during the 1st quarter valued at $70,000. iSAM Funds UK Ltd purchased a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at $91,000. Tower Research Capital LLC TRC grew its stake in shares of Alpha and Omega Semiconductor by 574.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 4,222 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Alpha and Omega Semiconductor by 79.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,926 shares of the semiconductor company’s stock worth $157,000 after acquiring an additional 3,519 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 4,916 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total value of $231,494.44. Following the completion of the transaction, the executive vice president directly owned 123,660 shares of the company’s stock, valued at $5,823,149.40. This trade represents a 3.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Chunping Chang sold 14,884 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $34.47, for a total transaction of $513,051.48. Following the transaction, the chief executive officer owned 635,901 shares of the company’s stock, valued at $21,919,507.47. This trade represents a 2.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 62,368 shares of company stock worth $2,092,671 in the last three months. 16.70% of the stock is currently owned by corporate insiders.

Alpha and Omega Semiconductor Stock Down 14.7%

AOSL stock opened at $37.11 on Friday. The stock has a 50-day simple moving average of $43.48 and a two-hundred day simple moving average of $29.94. Alpha and Omega Semiconductor Limited has a twelve month low of $17.01 and a twelve month high of $54.34. The firm has a market capitalization of $1.11 billion, a PE ratio of -10.42 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.06. The company had revenue of $163.79 million during the quarter, compared to analyst estimates of $160.07 million. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. Alpha and Omega Semiconductor’s revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned ($0.10) earnings per share. On average, equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AOSL. Stifel Nicolaus boosted their price objective on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. Needham & Company LLC assumed coverage on shares of Alpha and Omega Semiconductor in a research note on Friday, May 1st. They issued a “buy” rating and a $50.00 target price for the company. B. Riley Financial boosted their price target on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Lake Street Capital began coverage on shares of Alpha and Omega Semiconductor in a research note on Thursday, June 25th. They set a “buy” rating and a $58.00 price target on the stock. Finally, Wall Street Zen raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.